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Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More
Acquired
Global Market and Skill Levels in NBA and MLB
The NBA and MLB have become global markets, allowing the best players worldwide to be found. In today's NBA, players like Wilt Chamberlain would have more competition. Similarly, in MLB, hitting averages around 385-390 are common, but reaching the 400 level is rare, reserved for the top 1.5%. Highly skilled individuals with equal abilities often result in outcomes that appear random, emphasizing the skill and competitiveness in both sports.
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